Druva receives strategic investment from NTT Finance

Druva, a data protection startup, received an undisclosed amount as strategic investment from NTT Finance, the financial arm of Japan's Nippon Telegraph and Telephone Corporation.

Druva, which has previously raised money from Nexus Venture Partners, Sequoia Capital and Tenaya Capital, expanded operations to Japan last year and partnered with Japanese firms including NTT Neomeit and NetOne Systems. Software product think-tank iSpirt’s cofounder Sharad Sharma is an early investor in the company.

"Data protection is top-of-mind for global enterprises as today's work environment becomes more decentralized," said Jaspreet Singh, CEO, Druva, in a statement. "Japanese organizations are especially security, governance and compliance-aware with unique requirements for their software solutions.”

Masayuki Utada, senior executive manager, international business unit, NTT Finance, said: "We believe Druva will simplify and strengthen Japanese companies' information security and compliance efforts, and that's why we are investing in the company."